First Horizon Advisors Inc. Takes $159,000 Position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM)

First Horizon Advisors Inc. purchased a new stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,478 shares of the company’s stock, valued at approximately $159,000.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Stock Performance

Shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock opened at $19.65 on Friday. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1 year low of $18.00 and a 1 year high of $21.59. The company has a market cap of $96.68 million, a P/E ratio of 8.24 and a beta of 0.79. The stock has a 50-day moving average price of $20.32 and a 200 day moving average price of $20.26.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Company Profile

The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging-market companies that are selected and weighted by a combination of fundamental and technical factors. MFEM was launched on Aug 31, 2017 and is managed by PIMCO.